Bennelong Australian Equity Partners (BAEP) has appointed Kieran Sisson as a senior analyst.
Starting in his new job in mid-February, Sisson joins BAEP from ING Investment Management (INGIM), where he was most recently responsible for stock coverage across the healthcare, non-bank financials and insurance sectors.
Sisson has also covered a range of other sectors over his career, which has included positions with Allianz Asset Management, State Street Global Advisors and Mercury Asset Management.
He previously worked with BAEP chief executive Paul Cuddy and chief investment officer Mark East for more than five years during their tenure at INGIM.
“We’re thrilled to have reached a stage in our growth where we can offer a compelling career opportunity to Kieran,” Cuddy said.
“The team has worked with Kieran in the past and we’re very excited about what he brings to the team. Using his diversity of experience, he’ll be responsible for fundamental analytics, allowing us to spread the responsibility for stock coverage across the team.
“From inception we’ve focused on measured growth, but now believe the addition of another qualitative resource will lead to material value for our investors.”
Meanwhile, Standard & Poor’s Fund Services (S&P) said its ratings on all ING Australian equity funds were unaffected by Sisson’s resignation from the Australian equities team.
INGIM has redistributed Sisson’s primary sector coverage for diversified financials, healthcare and insurance among the remaining team members.
“At this stage, INGIM has told us that it does not intend to replace Mr Sisson. However, we have sufficient comfort to maintain our current ratings given the team’s existing resources and experience,” S&P said in a statement.
“At the same time, we’re conscious that this follows a number of departures in 2010 in the broader team. While the manager moved quickly to replace those employees, we will continue to monitor the situation for any further developments.”
